One of the three economic questions deals with deciding
A. what goods and services should be produced.
B. what the costs of production should be.
C. how goods and services will be marketed.
D. how consumers will receive products.
Answer (2)
The question addresses the critical economic issue of determining what goods and services should be produced, which impacts resource allocation and meets consumer needs. Factors such as consumer demand, resource availability, and technological advancements play significant roles in these production decisions. Ultimately, this question is vital for understanding economic structure and development. ;
The economic question of what goods and services should be produced focuses on determining how to allocate resources effectively to meet consumer needs. It involves understanding consumer preferences, available resources, and technological advancements, impacting the economy significantly. Therefore, the option selected is A: what goods and services should be produced.
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